Not Just for the Money: An Economic Theory of Personal Motivation

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$26.84
By
Beacon Press

General Information

In Not Just for the Money Professor Frey challenges traditional economic theory and argues that people do not act in expectation of monetary gain alone, nor do they work solely because they are paid. Furthermore, the author claims that higher monetary compensation as well as regulations crowd-out motivation in important circumstances. Offering higher pay may make people less committed to their work and may reduce their performance. They thus behave in exactly the opposite way the fundamental price-effect of economics predicts. The first part of the book considers the Crowding-Out Effect and the Motivational Spill-Over Effect. The second part explores a large number of applications to constitutional questions, various policy issues and the organization of firms. The final part discusses the substantial consequences for policy making and economic theory. This path breaking book is bound to create controversy and debate. It will appeal not only to economists but to a wide range of social scientists who want to go beyond the traditional assumption of economic man.

Details

Author
Bruno S. Frey
Binding
Paperback
Dewey Decimal Number
330
EAN
9781858988450
Edition
1 Ed
ISBN
1858988454
Label
Beacon Press
Languages
English
List Price
$25.00
Manufacturer
Beacon Press
Number Of Items
1
Number Of Pages
168
Product Group
Book
Product Type Name
ABIS_BOOK
Publication Date
1998
Publisher
Beacon Press
Studio
Beacon Press
Title
Not Just for the Money: An Economic Theory of Personal Motivation

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